Based on a recent trade, this puts the equity at +12.55% away from that average. The total market capitalization remained $251.02B, total volume held in the session was 20.00M shares surprisingly higher than its average volume of 19.47M shares. The Company expected to announce next earnings approximately $7.62 per share.
Advertisement
A number of research firms have weighed in on BABA.
Also, Brokerage firm JP Morgan assumes its rating on Alibaba Group Holding Limited (NYSE:BABA).
Shares of Alibaba Group Holding Limited (NYSE:BABA) declined -2.88% and ended at $99.62 smaller than previous closing price of $102.57. Robert W. Baird reiterated an “outperform” rating and issued a $104.00 price target (up from $94.00) on shares of Alibaba Group Holding in a research report on Saturday, August 13th. The company is set at a mean analysts’ recommendation of 1.80. 38 Analysts reported that the Price Target for Alibaba Group Holding Limited might touch $134.99 high while the Average Price Target and Low price Target is $109.59 and $63 respectively. Three equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus analyst price target of $108.29for twelve month.
In case of Revenue Estimates, 24 analysts have provided their consensus Average Revenue Estimates for Alibaba Group Holding Limited as 5.14 Billion.
BABA was trading -1.82% below its 52-week high and 79.02% above its 52-week low. Alibaba Group Holding Limited P/E (price to earnings) ratio is 36.99 and Forward P/E ratio of 24.7.
The stock has its 200-day moving average of $81.84 and $93.51 as its 50-day moving average.
Before the signing of the agreement Jack Ma, Executive Chairman and Founder of Alibaba Group said, “The next chapter of trade between China and Australia will require closer cooperation and this agreement provides a new framework to ensure more businesses, especially Small and Medium Enterprises, can benefit through the partnership between Austrade and Alibaba”.
The stock was assessed in terms of profitability as current quarter EPS estimate trends showed $0.70 at current month while compared with $0.70 in a month ago.
A current consensus EPS estimate for next quarter is at $1.15 and 3 month ago EPS forecast was $1.16. Eqis Capital Management Inc. now owns 2,788 shares of the company’s stock valued at $222,000 after buying an additional 234 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Alibaba Group Holding by 2.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Alibaba Group Holding by 1.3% in the second quarter.
Advertisement
Vertex Pharmaceuticals Incorporated’s (VRTX) price volatility for a month noted as 3.21% however its price volatility for a week documented as 5.44%. Daiwa Securities Group Inc.’s holdings in Alibaba Group Holding were worth $17,035,000 at the end of the most recent quarter.
